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Municipal Bond Market Summary:
Week Ending 10/9/20

Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.

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Muni Winners/Losers
State Winners/Losers
10 Yr Yld – All
10 Yr Yld – GO
10 Yr Yld – Rev
Sentiment
Top Movers
Most Quoted Munis

Top 10 Winners

Showcases the top 10 Muni Bond “Winners” based on price movements between 10/2/20 – 10/9/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PR COMWLTH SER A 5.25% 07/01/31 4.63% 68.32 65.29
2 TULARE CO PENSN-TXBL 3.96% 06/01/27 1.73% 115.17 113.21
3 UNIV OF CENTRAL ARKAN 3.10% 11/01/22 1.65% 104.99 103.29
4 AKRON INCOME TAX 3.50% 12/01/29 1.54% 105.18 103.58
5 KY ECON DEV FIN-A 5.00% 07/01/32 1.09% 108.61 107.45
6 VIRGINIA ST HSG DEV 4.67% 11/01/44 1.07% 105.26 104.15
7 WOONSOCKET-TXB-PENSIO 6.29% 07/15/32 1.00% 123.57 122.35
8 OK DEV FIN AUTH-E 4.38% 06/01/35 0.99% 109.89 108.82
9 WALTON SCH BRD COPS 5.00% 07/01/30 0.87% 124.35 123.28
10 MOJAVE SD #1-A 4.00% 11/01/32 0.86% 113.06 112.09

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 10/2/20 – 10/9/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PR PUB IMPT-SER A 5.25% 07/01/24 -9.08% 65.46 72.00
2 MET TRANSPRTN AUTH NY 5.00% 11/15/25 -3.99% 105.39 109.78
3 NC TURNPIKE AUTH-CABS 0.00% 01/01/44 -3.65% 50.49 52.40
4 LAPORTE ECON DEV-TXBL 2.60% 02/01/45 -3.48% 93.13 96.49
5 SALEM CO -A-B-C 2.50% 06/15/50 -3.32% 96.33 99.64
6 ILLINOIS ST 5.50% 01/01/31 -3.25% 116.97 120.89
7 MISSISSIPPI ST-A-REV 5.00% 10/15/26 -3.02% 119.17 122.87
8 HOISINGTON KS PUB-A 2.50% 11/01/45 -2.82% 97.18 100.00
9 ERIE PA WTR AUTH WTR 2.98% 12/01/45 -2.71% 99.12 101.88
10 SANTA BARBARA HSD-A 0.00% 08/01/41 -2.68% 61.76 63.46

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 10/2/20 – 10/9/20

RANK STATE CHANGE YLD YLD-1W
1 NV -34 bps 1.57% 1.91%
2 KS -21 bps 1.93% 2.14%
3 WI -20 bps 1.64% 1.84%
4 ME -20 bps 1.22% 1.42%
5 NC -10 bps 1.34% 1.45%
6 NE -9 bps 1.41% 1.50%
7 IA -6 bps 1.45% 1.51%
8 AR -2 bps 1.77% 1.78%
9 AL -1 bps 1.68% 1.70%
10 UT 0 bps 1.21% 1.21%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 10/2/20 – 10/9/20

RANK STATE CHANGE YLD YLD-1W
1 TN 53 bps 1.81% 1.28%
2 MN 51 bps 1.75% 1.24%
3 LA 25 bps 2.06% 1.82%
4 DC 23 bps 1.79% 1.56%
5 CO 22 bps 1.90% 1.68%
6 MS 21 bps 1.59% 1.38%
7 HI 20 bps 1.77% 1.57%
8 AZ 19 bps 1.90% 1.71%
9 AK 18 bps 1.45% 1.26%
10 WV 17 bps 1.41% 1.24%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 10/2/20 – 10/9/20 (General Obligation and Revenue Bonds)

Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr All

10 Year Yield by State – GO Only

Displays the average Muni 10 year yield by state between 10/2/20 – 10/9/20 (General Obligation Bonds only)

Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr Go

10 Year Yield by State – Rev Only

Displays the average Muni 10 year yield by state between 10/2/20 – 10/9/20 (Revenue Bonds only)

Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr Rev

Sentiment

Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 10/2/20 – 10/9/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 10/2/20 vs. the week ending 10/9/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CONNECTICUT ST HLTH & 5.00% 07/01/29 14 85 71 507%
2 NYC TRANSITIONAL FIN 4.00% 11/01/38 54 108 54 100%
3 LEXINGTON HLTH SVCS 4.00% 11/01/32 15 65 50 333%
4 INDIANA FIN AUTH IN W 5.00% 10/01/50 34 79 45 132%
5 RICHMOND VA PUBLIC UT 4.00% 01/15/38 17 60 43 253%
6 CROWLEY ISD-CIBS 2.13% 08/01/38 21 63 42 200%
7 CO ST HLTH FACS AUTH 4.00% 08/01/44 25 66 41 164%
8 TARRANT CULT EDU-A 4.00% 11/15/34 9 50 41 456%
9 TARRANT CULT EDU-A 4.00% 11/15/35 9 50 41 456%
10 TARRANT CULT EDU-A 4.00% 11/15/36 9 50 41 456%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 10/2/20 – 10/9/20

RANK TRANCHE COUPON MATURITY DEALERS
1 CALIFORNIA ST 5.00% 11/01/30 33
2 MASSACHUSETTS ST 5.00% 07/01/48 31
3 NYC TRANSITIONAL FIN 4.00% 11/01/34 28
4 MISSOURI ST HLTH & ED 3.00% 06/01/53 28
5 HENNEPIN CO -A 5.00% 12/01/32 26
6 CALIFORNIA ST 3.00% 11/01/41 26
7 NEW YORK CITY NY TRAN 4.00% 05/01/40 25
8 TEXAS ST WTR DEV BRD 3.00% 10/15/37 25
9 TEXAS ST WTR DEV BRD 4.00% 10/15/45 25
10 NYC TRANSITIONAL FIN 4.00% 11/01/38 24

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